Ford and Geely partner on European EV production

Geely electric vehicles (EVs) will begin production at Ford’s facility in Valencia, Spain, in 2028. The two automotive brands have formed a Europe-focused joint venture that seeks to revitalise Valencia amid growing cost pressures and competition. The new partnership will manufacture two electric Geely SUVs as well as a new multi-powertrain Ford crossover. While Chinese automakers are increasingly looking towards overseas EV markets for growth against a backdrop of a subdued domestic EV market, the expansion of Geely’s Chinese EV brands into Europe has been much less pronounced than BYD and Chery.